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American Axle (AXL) Looks Good: Stock Adds 5.1% in Session

Zacks Equity Research
Updated

American Axle & Manufacturing Holdings, Inc. AXL was a big mover last session, as the company saw its shares rise more than 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $17.56 to $18.70 in the past one-month time frame.

The move came after the company reported better-than-expected third-quarter 2017 results.

The company has seen one negative estimate revision in the past one month, while its Zacks Consensus Estimate for the current quarter has also moved lower over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

American Axle currently has a Zacks Rank #3 (Hold), while its Earnings ESP is negative.



A better-ranked stock in the Automotive - Original Equipment industry is Dana Incorporated DAN, which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is AXL going up? Or down? Predict to see what others think: Up or Down

Wall Street’s Next Amazon

Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.

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American Axle & Manufacturing Holdings, Inc. (AXL) : Free Stock Analysis Report
 
Dana Incorporated (DAN) : Free Stock Analysis Report
 
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Zacks Investment Research